First Pennsylvania Savings Ass'n v. Four Seasons Racquet Club, Inc.

SPAETH, Judge:

This is a deficiency judgment action. On petition to fix fair market value, the lower court, sitting without a jury, fixed the value of the property at $300,000. On exceptions, the court en banc fixed the value at $375,000. We have concluded that we are unable to accept the court’s explanation of the change and that the case must therefore be remanded for reconsideration.

On July 2,1979, appellant bought the property at sheriff’s sale for $1,988.18. Interest and other charges were $5,472.74, and taxes were $2,143.78. On October 12, appellant filed a petition to fix fair market…